Saturday 02 Aug 2014

Rackspace Hosting Inc. (NYSE:RAX) down by 24.66%, Intel Corporation (NASDAQ:INTC)

Rackspace Hosting, Inc. (NYSE:RAX) climbed down by about 24.66% and closed at $39.55, after hitting an intraday low of $38.30 and an intraday high of $41.20. The total shares floated in the previous trading session were about 16.87 million higher than the total average traded volume of 1.57 million. The trailing twelve month earnings per share of Rackspace is $0.75 which is expected to grow to $1.29 next year, and is expected to be $0.20 for the next quarter. Analysts are estimating a growth rate of about 26.37% in earnings per share over the next 5 years. On the other hand the growth in sales over the past 5 years was 29.32%. With sales of $1.31 billion and 130.01 million outstanding shares and at current price levels the price to sales ratio of Rackspace is 5.51. With a book value per share of 6.12 the price to book value ratio is currently standing at 8.54. The volatility over the past one month in the company’s stock is 3.09%.

The stock was downgraded at RBC Capital Markets to “sector perform” from “outperform” and reduced their price target to $40 from $63. FBN downgraded the stock to “underperform” and reduced its target price to $35. Evercore downgraded the stock to “Equal Weight” from “Overweight”. CLSA downgraded the company’s stock to “Sell” from “Underperform”.  Stephens has upgraded the stock to “Overweight” from “Equal Weight”.

Intel Corporation (NASDAQ:INTC) climbed up by 0.45% and closed at $24.36, after hitting an intraday low of $24.10 and an intraday high of $24.57. The total shares floated in the previous trading session were about 31.34 million lower than the total average traded volume of 50.90 million. The trailing twelve month earnings per share of Intel is $2.00 which is expected to grow to $2.03 next year, and is expected to be $0.39 for the next quarter. Analysts are estimating a growth rate of about 10.83% in earnings per share over the next 5 years. On the other hand the growth in sales over the past 5 years was 6.83%. With sales of $53.02 billion and 4.97 billion outstanding shares and at current price levels the price to sales ratio of Intel is 2.34. With a book value per share of 10.35 the price to book value ratio is currently standing at 2.34. The volatility over the past one month in the company’s stock is 1.92%.

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